On December 15, SAILUN INTERNATIONAL HOLDING (SINGAPORE) PTE.LTD., a wholly-owned subsidiary of Sailun, signed a "Joint Venture Agreement" with the local Mexican company TD INTERNATIONAL HOLDING, S.A.P.I.DE C.V. (hereinafter referred to as "TD Mexico"). The two parties plan to establish a joint venture and invest US$240 million (approximately RMB 1.708 billion) to build a PCR tire project in Mexico with an annual output of 6 million units.
An inventory of the sustainable goals of the world’s top 4 tire companies
The Ministry of Industry and Information Technology recently announced the list of national industrial design centers. With its leading design innovation ability in the field of industrial design, Qingdao Sentury Tire Co., Ltd. was successfully awarded the honorary title of "National Industrial Design Center".
Recently, the National Bureau of Statistics released tire production data for October 2023.
The 100,000-ton off-highway tire project of Sailun (Weifang) Tire Co., Ltd. is stepping up construction. Once completed, it will become the largest off-highway tire benchmark demonstration base in the domestic industry.
According to data released by the General Administration of Customs of China, in October 2023, China's new pneumatic rubber tire exports were 690,000 tons, 48.81 million units, and 11.94969 billion yuan, an increase of 15.9%, 18.8%, and 15.4% respectively in that month compared with the same period last year.
Michelin market trend data for October
Data analysis of China's tire ranking companies in 2023 and prediction of rankings in 2024
Last year's conflict between Russia and Ukraine brought profound changes to the European tire market. Many giants sold Russian factories, causing the supply of European tires to be affected. In addition, a series of factors such as rising energy prices, supply chain restructuring, and inflation have led to the increasing popularity of low-priced tires. The market share of foreign giants in Europe has continued to decline, and Chinese tires have ushered in excellent opportunities.